The Managing Director of the Nigerian Export-Import Bank (NEXIM), Roberts Orya, was on Tuesday elected the Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID).
Mr. Orya was elected during the group’s 10th Annual General Meeting in Geneva, Switzerland.
The G-NEXID, consisting 24 export promotion institutions around the world, was established in March 2006 as a joint initiative of Exim Bank of India and UNCTAD, as a platform to boost South-South trade and investment relations.
The Network’s primary objective was to serve as a channel to bridge the gap between financing of trade and the achievement of the development goals of developing and emerging economies to foster South-South trade flows.
The decision by members of the Network to come together was informed by the need to tackle the difficulties associated with access to trade finance to spur markets stability and economic growth in the South.
The Network provides the forum for information exchange, trust building and sharing of common experience on various deals and opportunities and effective practices for accessing new markets.
The group also helps members build capacity in financing non-traditional goods and services, and establish risk-sharing methods for investments by working together and promoting business development.
Mr. Orya, who is the 4th honorary President of the Network, expressed delight with his election, saying it was an honour to Nigeria, Africa’s largest economy.
“I see my election as a privilege to serve and continue in the giant strides already made by my predecessors towards forging and fostering a strategically vibrant and mutually beneficial South-South trade relationship,” Mr. Orya said.
While noting the achievements of his predecessors in the past nine years of the group’s establishment, Mr. Orya assured that he would not only sustain the momentum, but would work to justify the confidence reposed in him.
“The G-NEXID has within the period transformed into an association of relevance to realize the objectives of its formation, largely through the able leadership and dynamism of institutions that held the past Honorary Presidency and commitment of members,” he said.
On the vision of his leadership, Mr. Orya said his tenure would be devoted to boosting bilateral and multilateral agreements of all kinds between member export-import (Exim) banks and development-finance institutions (DFIs).
He said he would also focus on the development of appropriate collaborative framework and strategic partnerships with organizations such as Berne Union, Association of African Development Finance Institutions (AADFI), and other such regional economic initiatives to be evidenced by tangible transactional relationships.
Expected benefits from such cooperation and partnerships, he said, would help improve trade and investment within the member countries; improve information sharing/capacity building – exchange programs among member institutions while enabling regional integration and the growth of niche markets.